Tesla Offers End-of-Lease Upgrades to Maintain Production Levels

  • Emma Sandler
  • May 24, 2017
It’s been three years since Tesla introduced its in-house leasing program, and now thousands of owners are coming off their Model S leases every quarter, prompting the automaker to introduce vehicle upgrades earlier this week as an end-of-lease option. A standard Tesla lease is 36 months, and three years ago the only vehicle available was the […]

Ford Pivots to Focus on Mobility After Replacing CEO

  • Emma Sandler
  • May 22, 2017
Ford Motor Co., following pressure from shareholders over sagging stock prices, named Jim Hackett as its new CEO, replacing Mark Fields. Hackett, former CEO of Steelcase, recently served as chairman of Ford Smart Mobility, a subsidiary created last year to handle the automaker’s investments in autonomous vehicles and new mobility services. Fields had been investing […]

Tesla to Maintain High Lease Payments, Keeps Focus on Software Upgrades

  • Emma Sandler
  • May 4, 2017
Tesla Motors Inc. will not lower monthly lease payments to drive consumer demand because the automaker does not want to have “unrealistic” residual values, Chief Executive Elon Musk said during Tesla’s first-quarter earnings call yesterday. “Actually, I think one of the traps that the auto industry has got into in the past is having unrealistic […]

OEMs May Look for Other Finance Incentives as EV Tax Credit Ends

  • Emma Sandler
  • April 25, 2017
What will happen to sales and financing of electric vehicles when the $7,500 tax incentive from the U.S. government begins to phase out? This is a question currently on the minds of a few major OEMs, including Tesla, Nissan Motors Co., and General Motors Co. The federal tax incentive, which has been in place since […]

Root Insurance Preps for Self-Driving Cars, Eyes Rideshare Coverage

  • Natalie Mattila
  • April 18, 2017
Root Insurance is preparing to adapt its business model to continued innovation in the mobility sector — from ridesharing to autonomous cars, Mobility Buzz has learned. And it all starts with the company’s new program for Tesla owners. The program offers Tesla owners a discount if they use Autosteer — an updated feature of Tesla’s […]
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